HB2627 Summary

• Extends the cancellation period for timeshare purchase agreements from 7 calendar days to 10 calendar days after execution of the purchase agreement.

• Extends the period for prospective buyers and sellers to enter into a timeshare purchase contract after receiving the public report from 7 business days to 10 business days.

• Requires the conspicuous statement on timeshare interest reservation forms to be displayed above the purchaser's signature line.

• Updates terminology in timeshare regulations to use "percent" instead of "per cent" for consistency.